LONDON, Sept. 25, 2017 /PRNewswire/ -- The global nanoelectromechanical systems (NEMS) market was valued at $9.7 million in 2015. This market is expected to grow from $11.3 million in 2016 to $55.4 million by 2021, with a compound annual growth rate (CAGR) of 37.4% for the period of 2016-2021.

• Nanoaccelerometers, the leading segment of this market, will grow from $3.0 million in 2016 to $13.8 million by 2021 with a CAGR of 35.7%. • The market for BioNEMS will grow from $2.1 million in 2016 to $11.0 million by 2021 with a CAGR of 39.3%.

Chapter 1: Introduction

Study Goals and ObjectivesThis report is an impact analysis of the nanoeletromechanical systems industry. The information includes factors currently driving and restraining market growth, as well as factors impacting the industry's future.

The report's goals and objectives are:• To understand opportunities in the nanoeletromechanical systems market across major regions. • To provide an analysis of the various applications in the nanoeletromechanical systems market and market dynamics of each application. • To identify segments with high growth potential, as well as to understand future applications of given segments. • To highlight key trends related to the product types, applications, materials and regions, including analysis across various countries, that shape and influence the nanoeletromechanical systems market. • To review region-specific developments within the industry. • To understand the major stakeholders in the market and competitive landscapes for the market leaders. • To provide an analysis of growth strategies by key players in the nanoeletromechanical systems market and an analysis of patent positions where relevant.

Reasons for Doing This StudyNanoelectromechanical systems (NEMS) are in the nascent stage, but this technology is expected to see increased demand in the coming years. Ongoing research and continuous advancements are being made in the field of nanoeletromechanical systems, and companies are trying to reduce the size from micro to nano.

This report's goal is to examine the ongoing research on NEMS and its scope across different application sectors. Its commercialization is currently low, but it is expected to see significant increases in demand in the next 5 to 6 years.

Scope of ReportNanoelectromechanical systems (NEMS) comprise an advanced class of devices that integrates electrical and mechanical functionalities on the nanoscopic scale. NEMS are considered as a disruptive technological advancement that extends miniaturization of devices to the next level, beyond microelectromechanical systems (MEMS).

The current market for NEMS devices is in its infancy, and thus extensive research and development (R&D) in the field of nanotechnology and nanomaterials are still in progress.

This market, however, is expected to see robust growth during the forecast period, which is attributed to its advantages, including high resonating frequency, low energy consumption, size reduction, multiple frequencies on a single chip and cost reduction by integrated circuit (IC) integration offered by NEMS devices. NEMS is expected to emerge as an enabling technology that merges life sciences with engineering, which is further expected to open up new opportunities in the coming years.

The NEMS market is expected to experience double-digit growth rate during the forecast period from 2016 to 2021. The major factor driving the growth of the NEMS market is increasing demand for miniaturization of electronic components from end-user industries, such as medical and consumer electronics. Increasing investment by government bodies and private organizations for research and development in the field of nanotechnology is also boosting market growth.

The NEMS market is expected to see significant growth due to the technological advancements of nanocomponents and nanomaterials during the forecast period. The rising demand for high-precision microscopes is accelerating the overall NEMS market.

A lack of standardized process and mass manufacturing techniques is leading to difficulties in manufacturing NEMS, which poses as a major restraint in the growth of the global NEMS market.

Substantially high prices of nanoscale components used for manufacturing NEMS will also hinder market growth during the forecast period. Nevertheless, surges in NEMS applications in end-user industries such as consumer electronics and medical are expected to create new opportunities in the global NEMS market.

The global NEMS market is segmented into nanorelays and switches, nanotweezers, nanoactuators, nanosensors, nanoresonators, gyroscopes, nanoaccelerometers, nanorobots and others. The market can then be further categorized based on fabrication technology into top-down approach and bottom-up approaches.

Major NEMS applications can be found in the semiconductor, automotive, monitoring and detection, industrial process and control, communication, medical, and military and defense industries. In terms of materials, the NEMS market is segmented into graphene-based NEMS, silicon-based NEMS, silicon carbide-based NEMS, indium arsenide-based NEMS, gold- and platinum-based NEMS and gallium arsenide-based NEMS.

Information SourcesThe various sources used to recognize and collect useful information required for extensive commercial and technical study of the NEMS market included:

The primary research represented the bulk of the research efforts, supplemented by extensive secondary research. The researchers reviewed key players' product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also included an extensive search of recent trade journals, technical writing, internet sources and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants' insights and recognizing business opportunities. Regional Breakdown Regions considered for market analysis only include:North America: • U.S. • Mexico. • Canada.

Europe: • France. • Germany. • Italy. Asia-Pacific• China. • India. Chapter 2: Summary and HighlightsThe global nanoelectromechanical systems (NEMS) market was valued at $9.7 million in 2015, and it is expected to reach $55.4 million by 2021, increasing at a CAGR of 37.4% from 2016 through 2021. Growth of the NEMS market is attributed to the increasing demand for precision microscopes and electronics with higher functionality, as well as the rapidly transforming communication industry and a surging demand for BioNEMS.

Other factors influencing swift growth of the market include demand for monitoring and detection techniques, emphasis on miniaturization of devices to serve multiple purposes and reviving the automotive industry with changing standardizations.